Blackstone Real Estate Trust (NYSE: BSTT) grants director 13.7K shares

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. (BSTT) director Frank Cohen reported an award of 13,653.834 shares of Class I Common Stock as restricted stock compensation, vesting on August 14, 2027. After this grant, he holds 1,339,251.221 shares directly, including shares acquired through the issuer's Distribution Reinvestment Plan, and 240,099.398 shares indirectly via a family trust for which he disclaims beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Buyer: 13,653.834 shares

Net Buy 2 txns

Insider Cohen Frank

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock F1, F2	13,653.834	$0.00	$0.00
holding	Class I Common Stock F2, F3	--	--	--

Holdings After Transaction: Class I Common Stock — 1,339,251.221 shares (Direct); Class I Common Stock — 240,099.398 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. Reflects a grant of restricted stock as compensation that vests on August 14, 2027.
2. F2. Includes shares acquired through the Issuer's Distribution Reinvestment Plan.
3. F3. These shares are held in a trust for the benefit of the Reporting Person's family, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of the securities reported as indirectly owned on this form except to the extent of his pecuniary interest therein.

Key Figures

Restricted stock grant: 13,653.834 shares Grant price per share: $0.0000 Direct holdings after grant: 1,339,251.221 shares +2 more

5 metrics

Restricted stock grant 13,653.834 shares Class I Common Stock awarded on August 14, 2026 as compensation

Grant price per share $0.0000 Reported transaction price per share for the restricted stock award

Direct holdings after grant 1,339,251.221 shares Total direct Class I Common Stock held following the award, including DRIP shares

Indirect holdings via trust 240,099.398 shares Shares held in a family trust where Cohen is trustee; beneficial ownership disclaimed except for pecuniary interest

Vesting date August 14, 2027 Vesting date of the 13,653.834-share restricted stock award

Key Terms

restricted stock, Distribution Reinvestment Plan, indirectly owned, pecuniary interest

4 terms

restricted stock financial

"Reflects a grant of restricted stock as compensation that vests on August 14, 2027."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Distribution Reinvestment Plan financial

"Includes shares acquired through the Issuer's Distribution Reinvestment Plan."

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

indirectly owned financial

"The securities reported as indirectly owned on this form except to the extent"

pecuniary interest financial

"disclaims beneficial ownership of the securities reported as indirectly owned on this form except to the extent of his pecuniary interest"

FAQ

What insider transaction did BSTT director Frank Cohen report on August 14, 2026?

Frank Cohen reported an award of 13,653.834 restricted shares of BSTT Class I Common Stock on August 14, 2026 as compensation, scheduled to vest on August 14, 2027, increasing his reported direct holdings.

How many BSTT shares does Frank Cohen directly own after this Form 4 filing?

After the reported award, Frank Cohen directly owns 1,339,251.221 shares of BSTT Class I Common Stock. This total includes shares acquired through Blackstone Real Estate Income Trust’s Distribution Reinvestment Plan, as noted in the filing footnotes.

What are the vesting terms of Frank Cohen’s new restricted BSTT shares?

The 13,653.834 restricted shares of BSTT granted to Frank Cohen vest on August 14, 2027. Until that vesting date, the award remains restricted stock compensation, rather than fully vested, freely transferable common shares.

Does Frank Cohen have indirect ownership of BSTT shares through a trust?

Yes. The Form 4 reports 240,099.398 BSTT shares held in a family trust for his relatives, where he is trustee. He disclaims beneficial ownership of these indirectly owned shares except to the extent of his pecuniary interest.

Were Frank Cohen’s new BSTT shares purchased on the market?

No. The filing describes the transaction as a grant of restricted stock with a reported price of $0.0000 per share, indicating a compensation-related award rather than an open-market purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 05:07 PM Accepted by SEC EDGAR 08/18/2026 - 05:06 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cohen Frank

(Last) (First) (Middle)

C/O BLACKSTONE REAL ESTATE INCOME TRUST,

INC. 345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Real Estate Income Trust, Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class I Common Stock	08/14/2026		A(1)		13,653.834	A	$0	1,339,251.221(2)	D
Class I Common Stock								240,099.398(2)	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects a grant of restricted stock as compensation that vests on August 14, 2027.

2. Includes shares acquired through the Issuer's Distribution Reinvestment Plan.

3. These shares are held in a trust for the benefit of the Reporting Person's family, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of the securities reported as indirectly owned on this form except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Leon Volchyok, Attorney-in-Fact	08/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)